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The general Social Security earnings-test limit in 2025 is $23,400 (up from $22,320 in 2024). You'll have $1 in Social Security withheld for every $2 you earn above that limit.
To be eligible for the maximum monthly benefit, you must earn at least the wage base limit in each of the 35 years that Social Security uses to calculate your benefit amount. For perspective ...
This cap is the highest annual income subject to Social Security tax, and the closer your wages are to this limit, the higher your benefit will be. In 2024, the cap is $168,600 per year.
But the differences between the maximum possible 2025 Social Security benefit at 62, 67, and 70 show the value of delaying benefits as long as possible.
The WEP provision does not eliminate all Social Security or Medicare eligibility if the worker has 40 quarters of qualifying income, but calculates the benefit payments by reducing the 90% multiplier in the first PIA bendpoint to 40–85% depending on the number of Years of Coverage. [43] Foreign pensions are subject to WEP.
The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%. This is under the 3.2% increase retirees saw last year. This is under the 3.2% increase ...
The wage base limit in 2025 is $176,100, so if 2025 will be one of the years used to determine your monthly Social Security benefit, that's the minimum amount you can earn and still be eligible ...
A Social Security spousal rule that was around for decades ended this year for the last eligible retirees -- those who turned 70 on Jan. 1, 2024. ... Even if your spouse waited until age 70 to ...